Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
November, 2018 DC Penthouse and Luxury Condo Marketing Activity Report
For the latest in the DC Luxury Condo Market, stay informed with our blog every month.
Most Units Sold
The Clara Barton at Penn Quarter had the most closings in November with four units sold. This "It Building" is the sister companion to The Lafayette and offers hotel-style living with a lavish array of amenities. This is a truly prime location with top restaurants, theaters and museums right outside the door.
While there were no buildings with three sales, there were five that had two! Those were Lionsgate in Bethesda, Ritz-Carlton West End, The Columbia in the West End, The Darcy in Bethesda and the unique Yale Steam Laundry in Mount Vernon Triangle.
Buildings with one sale each include 2020 Lofts in the U Street Corridor, Atrium in Rosslyn, Gallery Place in Chinatown, City Vista in Mount Vernon Triangle, Chinese Embassy in Dupont Circle and Dumbarton Place in Dupont Circle.
It is worth noting that Unit #5 at the Chinese Embassy was the first sale at that building since May of 2017. The 2-bed, 2-bath residence listed for $889,900 and closed for $910,000. Similarly, Unit #26 at Dumbarton Place was the first closing at that address since July of 2017. The 3-bed, 2-bath condo listed and sold for $910,000
Highest Sales Prices
VIO, a new luxury condominium at The Wharf, had the highest sales price in November. Unit #709 is a stunning 3-bedroom, 2.5-bath flat with 1,985 square feet of living space. Window walls wrap around the unit, providing direct views of the Washington Channel and the boat slips below. There’s a private terrace as well, plus direct elevator access, hardwood floors and a sleek Euro-style kitchen. The closing price was $2,575,000 ($25,000 over list).
Unit #1606 at Somerset House in Chevy Chase listed for $1,995,000 and closed at $1,950,000. With a spacious 2,770 square feet, this renovated luxury apartment has gorgeous hardwoods, marble baths and a large and lovely balcony.
The third-highest sale was #506 at The Darcy in the heart of Bethesda’s shopping, dining and entertainment corridor. With 2-beds, 2.5 baths, wide-plank floors and an elongated balcony, this lovely unit listed for $1,696,000 and sold for $1.6 million.
Next is #26 at Dumbarton Place in Dupont Circle—the first sale in that building since July 2017. The sunny 2-bedroom, 2-bath apartment with views of Rock Creek Park listed and sold for $1,250,000. Fifth on the list is #PH107, a 2-bedroom, 2-bath penthouse at Westlight in Washington’s West End. The modern residence with its private rooftop deck closed for $1,240,000.
Our final highest sales price is $1,150,000 for a dramatic loft at the Wooster and Mercer in Arlington. Unit #W301 has towering two-story windows, a balcony, 2-beds, 2.5 baths, floating spiral stairs and an antique Asian barn door that slides across the floor-to-ceiling windows in the master bath, affording a modicum of privacy from the outside world.
Highest Sales Price to List Ratio
The top sales-to-list ratio in November belonged to Unit #709 at VIO, the new luxury development at The Wharf in the Southwest Waterfront. With 3-beds and 2.5 baths, this stunning flat has floor-to-ceiling window walls and a private deck looking directly out over the Washington Channel. Listed at $2.5 million, the 1,985 square-foot residence sold for $2,575,000, or 103% of its original price.
Second place went to #5 at the Chinese Embassy in Dupont Circle. The 2-bed, 2-bath unit listed for $889,900 and sold for $910,000 (102%).
Next was Unit #604 at the Matrix in Logan Circle, a 2-bed, 2-bath residence with hardwood floors and exposed cinder brick, which sold for $770,000, representing 101% of its $759,000 asking price.
Unit #507 at 2020 Lofts in the U Street Corridor sold for $680,000 after listing for $675,000. That’s a net gain of $5,000 over list.
At the swanky Ritz-Carlton West End, Unit #7L with 2-bedrooms, 2-baths and 1,324 square feet of living space closed for its full list price of $1,025,000. Our final entry is Unit #629 at The Columbia, an impeccable renovation of the former Columbia Hospital for Women in the West End. This 2-bed, 1.5-bath residence in one of the old wings of the historic complex, has Palladian windows, Brazilian Cherry floors and a balcony. It sold for $769,000 (100% of its asking price).
Highest Prices Per Square Foot
The highest price per square foot in November also happened to be the highest sales price and the highest list-to-sales ratio! Unit #709 at VIO at The Wharf with 1,985 square feet of interior space sold for $2,575,000 or $1,297 per square foot. The Southwest Waterfront condo with private terrace has direct elevator access and overlooks the promenade, piers and the Washington Channel.
Next on the list is #PH107 at Westlight in the West End. The highly modern penthouse with its private rooftop deck has 1,023 square feet of living space and closed at $1,240,000 or $1,212 per square foot.
Unit #26 at Dumbarton Place in Dupont Circle closed at its full asking price of $1,250,000 or $891 per square foot. It was the first closing at that building in over a year.
Next is Unit #1209 at the Residences at Market Square in Penn Quarter. This cute 1-bedroom with 529 square feet, hardwood floors and an extra-long balcony sold for $434,000 or $820 per square foot. Unit #604 at the Matrix in Logan Circle closed over its asking price for $770,000 or $819 per square foot.
Our final entry is Unit #7L at the full-service Ritz-Carlton West End. This luxury 2-bedroom, 2-bath apartment with 1,324 square feet of living space sold for its full asking price of $1,025,000 or $774 per square foot.
Highest Price New Listings
The month of November brought some very lofty new listings. At the top of the pack is Unit #PH2D, a 4-bedroom, 4.5-bath penthouse at the Ritz-Carlton Georgetown. The 4,413 square-foot bird’s nest duplex is listed at $7,750,000 and features a gourmet kitchen, den, family room and amazing Potomac River views from the private rooftop terrace.
Unit #8C at the Westlight in the West End was new in November for $4,280,000 and is already pending! The stunning corner unit with 3-beds and 3-5 baths has 3,301 square feet of interior space. Those desiring a home at Westlight could still be in luck, however. Unit #PH101 is a strikingly modern 3-bed, 3-bath penthouse with 2,684 square feet, pale wide-plank hardwood floors, true floor-to-ceiling windows and views of the National Cathedral, all for $3,975,000.
Fourth on our list is Unit #2012 at Turnberry Tower in Rosslyn. Priced at $3,100,000, this 3,045 square-foot penthouse is a sought-after J-Model with direct elevator access, Sub-Zero and Miele appliances, 3-beds, 3.5 baths and an extended balcony.
Elsium Logan in Logan Circle sails into view with #PH1, a 2-bedroom, 2-bath penthouse with 2,350 square feet of living space, hardwood floors, Thermador and Bosch appliances and a private roof deck with piped gas grilling. It is listed for $2,899,900.
Rounding out the elite addresses is #210, a corner unit at 2501 M Street in the West End. Priced at $2,894,000, the 2-bed, 2-bath flat with hardwood floors and a modern Euro-style kitchen has floor-to-ceiling windows and a rear balcony with direct views of the adjacent Rock Creek Park.
